Money Not Math Drew Erickson

Why Stocks are Hitting Record Highs,
Avoid RMD Shortfalls, and Is Fixing Social Security and Medicare as Dire as it
Seems? 6/13/24 Retirement Planning Coffee Talk

 

“Still, without action by Congress,
the program in 2035 would be bringing in enough cash to pay only 83% of the
benefits promised to current and future beneficiaries. In other words,
beneficiaries would be facing a disastrous 17% cut in benefits.” - Is Fixing
Social Security and Medicare as Dire as It Seems?

 

Weekly Retirement Planning Coffee
Talks are an informal way for me to have conversations and answer questions
with people even if they are not my clients for free. You are welcome to join
the Facebook live or stop by my office for free coffee.

 

There is no pressure to work with me
or become my client by stopping by in person or online.

 

It is my mission to provide the
highest quality advice and service possible to my clients. Therefore, I limit
myself to only having 100 or less active clients at all times that I have a
fiduciary responsibility to. Even though I limit myself to only working with
100 clients at any given time. It is still important to me to provide as much
value as I can to as many good people as possible. Which is why these
conversations are so important to me.

 

Disclaimer, this content is not legal, tax, or
investment advice. You should always consult a qualified professional regarding
your personal situation. And this is live so I may make a
mistake from time to time.

I
look forward to some great conversations and hope you have a wonderful day.

 

#MoneyNotMath #RetirementPlanning #EmptyNesters
#5StoneFinancialGroup #investing #money #FinancialEducation #Retirement #coffee #stocks #RMD
#SocialSecurity #Medicare































Articles referenced: https://www.morningstar.com/retirement/5-life-expectancy-rules-10-year-other-ira-beneficiaries?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_advisordigest&utm_content=54334
https://www.morningstar.com/markets/why-stocks-are-hitting-record-highs-what-could-send-them-back-earth?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_morningdigest&utm_content=54511
https://www.morningstar.com/retirement/fixing-social-security-medicare-its-not-dire-it-seems?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_advisordigest&utm_content=54543

The True Cost of a Financial Advisor Revealed, The Financial Risks of Social Media, and Take it from Warren Buffett: Misses Are Inevitable. 6/6/24 Retirement Planning Coffee Talk



Would it be worth paying 1% of your assets under management to receive 1.5%-4% higher account growth over an extended period of time? Potentially going from ~$1.3M to ~$2m or ~$1.3M to ~$4m?



What's the "hottest" financial tip or "trade secret" you've seen on social media recently?



Save more than you spend.

Diversify across asset classes.

Invest regularly (even during bear markets and corrections).

Be mindful of costs.

Don’t panic during selloffs.



Weekly Retirement Planning Coffee Talks are an informal way for me to have conversations and answer questions with people even if they are not my clients for free. You are welcome to join the Facebook live or stop by my office for free coffee.



There is no pressure to work with me or become my client by stopping by in person or online.



It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility to. Even though I limit myself to only working with 100 clients at any given time. It is still important to me to provide as much value as I can to as many good people as possible. Which is why these conversations are so important to me.



Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. And this is live so I may make a mistake from time to time.

#MoneyNotMath #RetirementPlanning #EmptyNesters #5StoneFinancialGroup #investing #money #FinancialEducation #Retirement #coffee

Articles referenced: https://articles.smartasset.com/financial-advisor-true-cost/ux/index.html?utm_source=googlediscovery&utm_campaign=dis__falc_content_truecost&utm_content=134512371305_655524434362&utm_term=Beth&gclid=CjwKCAjw88yxBhBWEiwA7cm6pcE4wznNL4yV8oQYApmhkYDPEKInob7v27Myw23jFWjLpGKI0QkfDRoCPY4QAvD_BwE https://www.morningstar.com/financial-advisors/take-it-warren-buffett-misses-are-inevitable

Please email me ad drew@5stonefinancial.com if you would like to be added to our newsletter.

Dad jokes, the financial media, and the countdown to your retirement. 5/8/24 Retirement Planning Coffee Talk with Ross Welte and Dexter.



Check out this video for some real client retirement stories regarding their emotions and financial outcomes!



Why is the news so negative? Can anyone explain this FPS situation? Emotions are the detriment to long-term planning. Don’t use words! Should we get out of the market? What happens if you get out at the wrong time? The Death of Equities. The value of being independent and being open to your options. Are you getting the most out of your money? Don’t be romantic about how you made your money. The emotions you feel before, during and after retirement. The top 5 Retirement Planning MISTAKES. Dad Jokes.



Thank you Ross and Dexter for joining me. I thoroughly enjoyed the conversation. Should we start Dad Jokes with Dads?



Weekly Retirement Planning Coffee Talks are an informal way for me to have conversations and answer questions with people even if they are not my clients for free. You are welcome to join the Facebook live or stop by my office for free coffee.



There is no pressure to work with me or become my client by stopping by in person or online.



It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility to. Even though I limit myself to only working with 100 clients at any given time. It is still important to me to provide as much value as I can to as many good people as possible. Which is why these conversations are so important to me.



Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. And this is live so I may make a mistake from time to time.





#MoneyNotMath #RetirementPlanning #EmptyNesters #5StoneFinancialGroup #investing #money #FinancialEducation #Retirement #coffee #SocialSecurity

Articles referenced: https://ritholtz.com/1979/08/the-death-of-equities/

https://smartasset.com/retirement/retirement-mistakes-to-avoid

Forgive, Be BOLD, and Live! Money Not Math 153 interview with Alison Bernier – Bernier Properties LLC



What an absolute pleasure it was for me to interview Alison and get to know her better. Her faith, perseverance, genuine nature, and kindness are incredible.



I love her Core Values and belief system. Especially when she talks about how the connections you have and how we treat people are more important than the money you have.



From pre-law and nutrition to entrepreneurship I strongly encourage you to set aside 30 minutes to watch or listen to Alison’s story. Plus, I would appreciate it if you helped me celebrate Alison by sharing, commenting, and liking this post.



Please reach out with questions or thoughts for Alison or me.



Thank you and I hope you have a wonderful day.



#Forgive #BeBold #Live #RealEstate #Faith #Family #perseverance #kindness #MoneyNotMath #Connections

Thankful for 10 years! My office is moving. FED interest rate decisions. Only 1 in 5 have retirement plans. 5/2/24 Retirement Planning Coffee Talk.



Weekly Retirement Planning Coffee Talks are an informal way for me to have conversations and answer questions with people even if they are not my clients for free. You are welcome to join the Facebook live or stop by my office for free coffee.



There is no pressure to work with me or become my client by stopping by in person or online.



It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility to. Even though I limit myself to only working with 100 clients at any given time. It is still important to me to provide as much value as I can to as many good people as possible. Which is why these conversations are so important to me.



Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. And this is live so I may make a mistake from time to time.

I look forward to some great conversations and hope you have a wonderful day.



#MoneyNotMath #RetirementPlanning #EmptyNesters #5StoneFinancialGroup #investing #money #FinancialEducation #Retirement #coffee #FED #InterestRates

Articles referenced: https://www.morningstar.com/markets/what-history-tells-us-about-feds-next-move?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_morningdigest&utm_content=53723 https://www.usatoday.com/story/money/2024/05/02/affording-retirement-costs-americans-survey-aarp/73530103007/

NFL Draft tonight, go Vikings! 5.1% Cash Accounts. Structured Notes. Series 65. 2/3 of Peak Boomers Aren't Ready for Retirement. And Qualified Charitable Distributions. 4/25/24 Retirement Planning Coffee Talk.



Weekly Retirement Planning Coffee Talks are an informal way for me to have conversations and answer questions with people even if they are not my clients for free. You are welcome to join the Facebook live or stop by my office for free coffee.



There is no pressure to work with me or become my client by stopping by in person or online.



It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility to. Even though I limit myself to only working with 100 clients at any given time. It is still important to me to provide as much value as I can to as many good people as possible. Which is why these conversations are so important to me.



Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. And this is live so I may make a mistake from time to time.



I look forward to some great conversations and hope you have a wonderful day.



#MoneyNotMath #RetirementPlanning #EmptyNesters #5StoneFinancialGroup #investing #money #FinancialEducation #Retirement

Articles/websites referenced: https://www.5stonefinancial.com/ https://www.thinkadvisor.com/2024/04/24/two-thirds-of-peak-boomers-are-financially-unprepared-for-retirement-study/?fbclid=IwZXh0bgNhZW0CMTAAAR0wk1RASumB4dWabxayCkBFv19LJ1FGIZ-nxJ7xXM4s_VOzFp-2bUGEs4I_aem_AZX9to-XLUUSNYfMzORcLuC4OuDI85tKP05JEtt4enkA2AZvgX7nRu3hrn3emQ4Mqk4k0oqoQ0F0HCAxf1nZvTbU https://www.fidelitycharitable.org/guidance/philanthropy/qualified-charitable-distribution.html?fbclid=IwZXh0bgNhZW0CMTAAAR3mqnhCTGvymHjHcy6Ztp74P6EBc24NKIXGdlIkwZoWEahfp9zuzkstt4U_aem_AZXlAtAmOw2hh_onLHTeftoJPT0j-gULJdqiwgf9_7jJDVf1KtRNSeeBG5UxUUBYSvon1j9asIIOmG0NJ3mv0KNQ#:~:text=A%20qualified%20charitable%20distribution%20